Well, congratulations on everything you are doing and I wish you and all shareholders (including myself) huge success.

As others have said, dimensioning a crypto currency platform to be capable of handling millions of transactions a second is a huge undertaking. I have questions on this. WCX will be trading BITCOIN, ETHERIUM and mostr other popular blockchain currencies. Now, BITCOIN has some serious dimensioning problems in its own right. The transaction history is never archived, so every BITCOIN gets bigger and bigger and slower and slower. The press have reported backlogs in BITCOIN transactions amounting to more than 165,000 transactions with no confirmation, and it is growing, not getting less!

My question are these: when BITCOIN transactions are made on WCX, who will confirm the transaction and process the BITCOIN chain? Will this be done by the WCX platform itself, or will the BITCOIN that are traded by WCX just join the ever growing global queue (and growing backlog) to be processed by a distributed server somewhere else? And if WCX servers will be able to process the BITCOIN transactions directly, then is it possible that the WCX platform could also be used to process and reduce the global backlog? And if so, how will WCX earn money by doing the work of other traders for them?

Thanks a lot,RobZorba

WCX has its own trading engine through which all trades are processed. You can learn more about it in our whitepaper.

Elaborating on this.

Bitcoin transactions are confirmed by miners, and no exchange has the capability of processing or confirming any transaction. There is no distributed server that can confirm transactions either. There is no way any exchange platform can 'reduce the global backlog'.

Deposits and withdrawals are handled by the bitcoin network, and confirmed by miners. Trades are handled internally on the platform by the trading engine.

c. The website informs that "20% Profits" would be distributed amongst the token holders . Assuming if 1 Mil is the profit at the time the token holders are 100k and assuming the token holders increase from 100k to 500k in 5 years .then the 20% would be every decreasing (assuming the profits are not increasing at the rate the token holders are ). The policy is not equivalent of holding a finite number of shares in a limited liability company. Nor does it mimic the bond bearer instrument. (am confused)

thanks

wcxofficial says earlier in this thread that the tokens sold in the ICO are the total amount ever (no later token/coin sales). So it shouldn't go from 100k to 500k tokens/token holders...it should just be the number of tokens sold during the ICO (all excess will be burnt, they say).

There is a network to be overloaded, it is the network that the server runs on, essentially bots will spam a large amount of tiny transactions, which requires a separate POST call for each transaction, many bots doing that at the same time will essentially cause an unintentional DDOS attack on the server's network, so it would be in their best interest to somehow limit the number of transactions these bots can perform in a certain time period, of course this limit should be relative to the number of people and bots who use the website at a single time, and the capacity that the server can support

Rest assured that our system can handle it . We can do guaranteed a minimum of a million transactions per second, and our infrastructure allows us to easily scale the system to support additional demand if needed.

Thanks for this project. Here's my first question. What's your affiliation with ANX (https://anxintl.com/)? Is WCX a split of ANXIntl or a completely seperate entity? I'm relatively sure that there's a connection.

The project is very interesting. I'm afraid of very small commission. The commission is significantly lower of other exchanges. It could trigger arrival on the Exchange many bots. Sir, how will you deal with bot?

Um why you against bots? the exchange would make money on every single trade regardless of if it was human or bot traded, in my opinion the more bots the merrier

Low fees generates a lot of small spam transactions. There is no sense in commission, if you can't sell or buy the right amount. And spam transactions will be hard to overload network.

There are several ways around it, for instance you could put a cap on the number of transactions under $5.00 USD value per 24 hour period per account, make the minimum transaction amount $2.00,or more if need be. People are clever and they will always find a way around the rules, so instead of fighting them it is best to try to cooperate with them, and allow bots with conditions if the network can not support the number of transactions happening at a time. Otherwise the exchange will just get stuck in a never ending game of cat and mouse trying to chase away bot users.

Not sure what you guys mean. There is no 'network' to be overloaded - WCX is not a decentralized exchange and trades are not made on-chain. Bots will also have to pay our commision like everybody else.

I did not pay tokens for the Ukrainian translation !! I wrote all the maillessly asking me to add tokens to the account oledz@ukr.netI translated mail from olegarh77@gmail.comI sent from you email please Deal with itNo payment !!!!!!

I hope that WCEX isn't paying for terrible translations.

I did a great translation for no reason

No offence, but I think Joshua is trying to point out that your English isn't that great. Have you tried sending an email to hello@wcex.co?

I am having a tough time resetting my password. When I click the link in the email that is sent after requesting Password Reset, there doesn't seem to be anywhere to enter my new password. Please help Dev.

Hi, what screen do you see after clicking on the link? Please describe it/attach a screenshot. You should see the following:

hey suddenly I feel really anxious. The profile of byt411 posted the Chinese thread with a ref link and he expressed interest in an illegal hacked spotify account scheme http://archive.is/5k9iM@wcxofficial please confirm this isnt an official team member because I am anxious about this. also please post infos on team with linkedin and photos. thanks so much

I'm not an official team member, but I am helping out answering questions. I was curious about the method that this person was using, and it turned out to be registering on a Swedish Telecom website which was offering a promotion. I do not deal with hacked or illegal accounts.

You hide your reference in all wcex.com links on Chinese ANN page. Seriously, it's not cool.

Yes, my referral link is in the Chinese announcement page. I have gotten explicit permission from WCX to do so. I'm not trying to sneak it in.

Hi, where can we find info on project member profiles? I.e. past work experience? On the website it says "Our team comes from Apple, Deutsche Bank, and IBM, and has decades of experience in building secure, distributed, and massive-volume systems." but how can we verify this?

Thanks in advance

This information, alongside more details concerning our platform and our ICO will be published soon.

hey suddenly I feel really anxious. The profile of byt411 posted the Chinese thread with a ref link and he expressed interest in an illegal hacked spotify account scheme http://archive.is/5k9iM@wcxofficial please confirm this isnt an official team member because I am anxious about this. also please post infos on team with linkedin and photos. thanks so much

hey suddenly I feel really anxious. The profile of byt411 posted the Chinese thread with a ref link and he expressed interest in an illegal hacked spotify account scheme http://archive.is/5k9iM@wcxofficial please confirm this isnt an official team member because I am anxious about this. also please post infos on team with linkedin and photos. thanks so much

I'm not an official team member, but I am helping out answering questions. I was curious about the method that this person was using, and it turned out to be registering on a Swedish Telecom website which was offering a promotion. I do not deal with hacked or illegal accounts.

Hi, where can we find info on project member profiles? I.e. past work experience? On the website it says "Our team comes from Apple, Deutsche Bank, and IBM, and has decades of experience in building secure, distributed, and massive-volume systems." but how can we verify this?

Thanks in advance

This information, alongside more details concerning our platform and our ICO will be published soon.

For a limited time, you can earn WCX tokens for free by doing any of the following:

- Signing up at wcex.co- Referring people to wcex.co using your unique link (find it on the site after you sign up)- Following WCX on Twitter (@wcxofficial) – complete this form- Voting on which assets you'd like to trade on WCX – complete this form- New! For a limited time, get paid in WCX tokens when you publish high quality material about WCX on your blog, website, Youtube channel, or email list. Now accepting all languages.- See more details and complete the form here.